crypto
* Kraken, a centralized cryptocurrency exchange, denies SEC's claim of violating securities laws. * Kraken argues that the 11 crypto assets in question do not meet the legal definition of securities. * The exchange cites a previous court ruling and lack of regulatory guidance as defense. * SEC accused of lack of
binance
* England's High Court of Justice ruled that Tether's USDT stablecoin is considered property under English law. * The ruling coincides with the government's proposal to classify cryptocurrencies as property. * The case was brought by a victim of a cryptocurrency scam and involved Bitkub and Binance.
bitcoin
* A 25 basis point Fed rate cut was expected, but a WSJ article questioned that assumption. * Odds are now split between a 25 basis point and 50 basis point move. * Bitcoin briefly rose on the news, but the gain was short-lived. * The chances of a 50 basis point cut next
assets
* The market value of on-chain real-world assets (RWAs) continues to rise, reaching over $12 billion. * Tokenization of RWAs makes traditionally illiquid markets easier to trade and streamlines the settlement process. * Tokenized U.S. Treasuries have surpassed $2.2 billion in market value, with BlackRock's BUILD leading at $520
audit
* Consumer protection group Consumers' Research criticizes lack of transparency around Tether's US dollar reserves. * Tether's lack of a full audit from a reputable accounting firm is a major concern. * Consumers' Research draws comparisons to the collapse of FTX and Alameda Research. * Tether unveils new
court
* The Supreme Court of Montenegro is expected to decide on the Do Kwon extradition judgment by the end of the month. * The decision is based on a "request for the protection of legality" filed by the Supreme State Prosecutor. * The prosecutor alleges multiple law violations in the High
crypto
* Kraken has discontinued support for Lightning withdrawals in Germany due to regulatory issues. * German customers can no longer use the Lightning Network for faster and more private BTC transactions. * Kraken removed the 'lnbc' prefix from its list of supported assets for BTC withdrawals in Germany. * A support agent
bitcoin
* The European Central Bank (ECB) has lowered its interest rate for deposit lending facility by 25 basis points. * Bitcoin and major stock market indices are slightly up following the ECB's decision. * The ECB expects core inflation to decline rapidly over the next two years. * Economic growth projections are
ethereum
1. Ethereum's true value is not reflected in the broader market, but refined messaging could attract Wall Street investors. 2. Executives from Attestant remain bullish on Ethereum despite low appetite for US ETFs and complaints of underperformance. 3. Diversification and better marketing are crucial for Ethereum to attract
congressional
* United States lawmakers divided on decentralized finance (DeFi) at first-ever Congressional hearing. * Republican lawmakers advocate for peer-to-peer future, while Democrats express concerns about crime and tax evasion. * Witnesses argue for more guidance on compliance and the need for financial inclusion. * Vice President Kamala Harris and former President Donald Trump did
bitcoin
* Standard Chartered launches digital asset custody service in UAE, licensed by DFSA. * Initial focus on Bitcoin and Ethereum, plans to expand to more digital assets. * Brevan Howard Digital named as first client, addressing institutional interest in digital assets. * Service provides secure storage and comprehensive solution for regulatory challenges. * Standard Chartered
bitcoin
* A solo Bitcoin miner earned $180,000 by processing a block on their own. * The block contained 5,935 transactions and a reward of 3.169 BTC. * Solo CK, a mining pool, distributed the reward to the successful miner. * The miner used 0.098% of the total power securing the